Shenzhen Ecobeauty Co., Ltd. agreed to acquire 5% stake in Beijing Hechuang Future Network Technology Co., Ltd. from Qushui Zhongqing Hechuang Network Technology Co., Ltd.
February 12, 2017
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Shenzhen Ecobeauty Co., Ltd. (SZSE:000010) agreed to acquire 5% stake in Beijing Hechuang Future Network Technology Co., Ltd. from Qushui Zhongqing Hechuang Network Technology Co., Ltd. for CNY 50 million on January 23, 2017. For the year ended December 31, 2016, Beijing Hechuang Future Network Technology Co., Ltd. reported revenue of CNY 230.1 million, total assets of CNY 925.6 million, operating loss of CNY 7.2 million and net loss of CNY 0.56 million. The Board of Shenzhen Ecobeauty Co., Ltd. approved the transaction and is not subject to approval of shareholders of Shenzhen Ecobeauty Co., Ltd.
Shenzhen Ecobeauty Co., Ltd. (SZSE:000010) agreed to acquire 5% stake in Beijing Hechuang Future Network Technology Co., Ltd. from Qushui Zhongqing Hechuang Network Technology Co., Ltd. on February 13, 2017.
SHENZHEN ECOBEAUTY CO., LTD., formerly BEIJING SHENHUAXIN CO., LTD., is a China-based company principally engaged in landscaping construction engineering business. The Company mainly operates through landscape design, the construction and maintenance of landscaping projects, as well as the cultivation and sale of seedlings. The Company is also involved in the provision of gas selling services. The Company operates its business within domestic market, mainly in East China and Southwest China.
SHENZHEN ECOBEAUTY CO., LTD. 
